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Morning Edition · Saturday, October 24, 2026Published at 1:47 AM EDT · New York
China Targets 2030 for a National Blockchain Network With Digital Identity as South Korea's Central Bank Seeks Stablecoin Controls in Forex Law
Beijing's five-year information plan calls for a central backbone and regional hubs, while the Bank of Korea plans a forex-law amendment this year to regulate stablecoins as a means of payment.
China's Central Cyberspace Affairs Commission has set a 2030 target to largely complete a national blockchain network. The goal appears in the country's latest five-year information technology plan. The network will consist of a central bac…
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States Build Ledgers They Control
Governments in Asia and beyond will keep building state-run ledgers and folding stablecoins into foreign-exchange and identity regimes, so blockchain adoption by states extends capital controls and surveillance rather than weakening them.
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